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Abu Dhabi / Emirates Business LuLu, the largest hypermarket chain in the region, launched its annual British food festival “Food is Great Britain: Truly British, Truly Delicious”. The week-long fest highlights a wide variety of food products imported from the UK, which is available at great discounts from March 18 to 26. The launch event was inaugurated by H.E Patrick ...

Dubai / WAM The UAE ranked 8th on the Positivity Index of Nations, an annual global report published by the Positive Economy Institute since 2013, which measures positive economy indicators in OECD member countries. The UAE, which is being included in the Index as a non-OECD country for the first time since its creation, outperformed 27 out of the 34 ...

Dubai / WAM The UAE’s bid to become one of the world’s top 10 food secure nations took a major step forward when Mariam Almheiri, Minister of State for Food Security, released an innovation-driven food security roadmap for the Middle East. Designed to further the objectives of the UAE’s National Food Security Strategy and to support regional improvement in this ...

Bloomberg French President Emmanuel Macron seemed to have overcome the worst of the Yellow Vest protests. One Saturday of renewed violence has put him back in crisis management mode. Shops on Paris’s iconic Champs Elysé es were torched and 200 people were arrested, prompting Prime Minister Edouard Philippe’s office to note the police actions had shown “inadequacies.” Recent protests had ...

Bloomberg Fidelity National Information Services Inc. agreed to acquire Worldpay Inc. for about $34 billion in cash and stock, the biggest deal ever in the booming international payments sector. FIS, based in Jacksonville, Florida, will also assume Worldpay’s debt, bringing the enterprise value of the deal to about $43 billion, the companies said on Monday. FIS’s current shareholders will own ...

Bloomberg Brazil’s sugar mills can make the switch into ethanol easier than ever before, making it harder to predict how much sweetener will come from the world’s biggest producer and exporter. Take the case of Sao Paulo-based Usina Batatais. Just two years ago, no matter how low sugar prices got, the company had no choice but send at least 45 ...

Bloomberg Big companies often leave their suppliers hanging for weeks without pay, but Vodafone Group Plc is taking this a step further: it’s investing in a fund that makes money off the delay. The British phone operator poured 1 billion euros ($1.1 billion) into the 2.4 billion-euro fund run by beleaguered Swiss asset manager GAM Holding AG, which generates returns ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Ashraf Ghani of Afghanistan, discussed bilateral ties between the two friendly nations, and means to advance cooperation between them. Sheikh Mohamed bin Zayed welcomed the visit of the Afghan President and his ...

Dubai / WAM Free zones are now present in more than 80 percent of states in the world, including emerging countries, and comprise nearly 30 percent of global trade. Asia region consists of the largest number of free zones in the world, followed by North America, South America, and the Middle East. With 160 free zones (7.3 percent), the Middle ...

RAS AL KHAIMAH / WAM Ras Al Khaimah Economic Zone (Rakez) announced launching of Mubader Package, an exclusive business set-up package for final year students and fresh graduates to support young talents in pursuing their entrepreneurial dreams. “This era is brimming with young, creative talents who have real appetite for entrepreneurship. Their drive and ideas are endless; all they need ...